Assume that you are the accountant for Kern Corporation and are working on various debt accounting issues. Click on the associated cells and select the best answer to define the terms in the table that follows. Effective interest rate Net receivable or payable balance at the beginning of the period Periodic interest is computed on principal balance and interest earned to date Represents the debtor's incremental borrowing rate Series of payments/receipts which occur at beginning of the period The difference between the present value of the note and the cash exchanged when the market rate of interest < rate on note Periodic interest is computed based on the principal balance only Maturity value of note and interest payments discounted to the present value This will result when face rate of the note < yield rate The amount which will be available in the future as a result of consecutive payments/receipts at the end of each periodcompounded at a specified interest rate Series of payments/receipts which are made at the end of the period No premium or discount exists with Annuity due Imputed interest rate Fair value of note Note issued at a discount Premium on a note Simple interest method Interest revenue/expense Future value of annuity Face of note equals present value of the